RHB Forex Broker

RHB Review SummaryFounded1983Registered Country/RegionMalaysiaRegulationSFC (Revoked)Trading ProductsFuture indices, commoditiesServicesShare Margin Financing, Foreign Shares Financing, Descretionary Financing, Employee Share Option Scheme (ESOS) financing, Initial Public Offering (IPO) FinancingTrading PlatformRHB Share TradingCustomer SupportTel: 03-2113 8118; +603 – 7890 4700Fax: +603 – 7890 4670Email: support@rhbgroup.comRegistered address: Level 10, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan, MalaysiaContact details for branch offices: https://www.rhbinvest.com/locate_us.htmlRHB Information RHB Investment Bank Berhad is a Malaysia-based financial entity who has more than 50 branches all over the country. It offers futures trading mainly in indices and commodities, as well as financing services to clients. Islamic broking services are also available for those who need to comply Sharia laws. Moreover, the firm offers a video gallery with all kinds of topics to equip traders with necessary knowledge for successful trading. However, one thing worth noting is that the company operates under the regulatory status of SFC revoked, indicating imcompliance with the authority.Pros and ConsProsConsMany years' industry experienceRevoked SFC licenseDiverse financial servicesComprehensive customer supportIs RHB Legit? RHB claims to be regulated by SFC (Securities and Futures Commission of Hong Kong) with licenses numbering at AMF103. However, the license status is “Revoked”, indicating that the broker might have violated the institutions rules or failed to meet the regulatory requirements. This cast taints on its credibility and legitimacy.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense NumberSFCRevokedRHB Futures Hong Kong LimitedDealing in futures contractsAMF103Trading Products RHB's product portfolio includes Bursa Malaysia derivatives such as Crude Palm Oil Futures and Gold Futures, along with an expanding array of foreign futures contracts like E-Mini S&P 500, FTSE China A-50 Index, and E-Mini Crude Oil Futures.Fees/Interest RatesServiceFacility FeeInterest RateShare Margin Financing❌Package-specific; no rollover feesForeign Shares Financing≥ 0.50% of Facility Limit (payable upfront)SBR (3.00%) + 2.30%, min 4.55% p.a.Discretionary FinancingCustomisedCustomised based on portfolio and strategiesTrading Platform RHB offers a web-based trading platform called “RHB Share Trading”, with app version available on both iOS and Android phones to trade anywhere, even on-the-go.